House Bill 1155er

    ENROLLED

    1999 Legislature                                       HB 1155



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  2         An act relating to trust funds; re-creating the

  3         Florida Investment Incentive Trust Fund within

  4         the Executive Office of the Governor without

  5         modification; carrying forward current balances

  6         and continuing current sources and uses

  7         thereof; providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Florida Investment Incentive Trust Fund within the

11  Executive Office of the Governor, which is otherwise scheduled

12  to be terminated pursuant to constitutional mandate, and

13         WHEREAS, the Legislature has reviewed the trust fund

14  before its scheduled termination date and has found that it

15  continues to meet an important public purpose, and

16         WHEREAS, the Legislature has found that existing public

17  policy concerning the trust fund sets adequate parameters for

18  its use, NOW, THEREFORE,

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20  Be It Enacted by the Legislature of the State of Florida:

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22         Section 1.  (1)  The Florida Investment Incentive Trust

23  Fund, FLAIR number 31-2-293, which was created within the

24  Executive Office of the Governor and which is to be terminated

25  pursuant to Section 19(f), Article III of the State

26  Constitution on November 4, 2000, is re-created.

27         (2)  All current balances of the trust fund are carried

28  forward, and all current sources and uses of the trust fund

29  are continued.

30         Section 2.  This act shall take effect November 4,

31  2000.


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